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E 8 . 5 ( LO 1 , 2 ) , AP Assume the following information for Larry Corp. Accounts receivable ( beginning balance )

E8.5(LO 1,2), AP Assume the following information for Larry Corp.
Accounts receivable (beginning balance)
$142,000
Allowance for doubtful accounts (beginning balance)
11,360
Net credit sales
945,000
Collections
910,000
Write-offs of accounts receivable
5,200
Collections of accounts previously written off
1,900
Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable.
Instructions
Prepare the entries to record sales and collections during the period.
Prepare the entry to record the write-off of uncollectible accounts during the period.
Prepare the entries to record the recovery of the uncollectible account during the period.
Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts.
Prepare the entry to record bad debt expense for the period.
Determine the ending (adjusted) balance in Allowance for Doubtful Accounts.
Prepare entries to record bad debt expense.

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